$2,025,000
SOLD FEB 25, 2016
8 Beds
6 Baths
4,978 Sq Ft
6,583 Sq Ft Lot

Recently Sold

$407 Per Sq Ft

16% Below List Price

151 Days on Market

Highlights

  • Traditional Architecture
  • Crown Molding
  • Central Air
  • Wood Flooring
  • Laundry Room
  • Turnkey

About This Home

As of April 2022

This institutional quality apartment building is an amazing investment. Located in the Miracle Mile section of the city, its in close proximity to Century City, CBS Studios, The Grove and Beverly Hills. The building was recently remodeled and has functional upgrades that include: drought tolerant landscape, newer roof, copper plumbing, central air/heat, dual pane windows, upgraded electrical systems (including new wiring & plugs), new water heaters and more. Upgrades to the units include: refinished hardwood floors (chocolate hardwood and original oak), tile floors in kitchens, upgraded hard surface counter tops, dual stainless sinks, disposals, smooth ceilings, recessed lights, upgraded bathrooms and in-unit washer and dryers (included). Also included are stainless steel appliances - Stoves (Bertazzoni - Italian), Refrigerators (Maytag), Dishwashers (Samsung), Vent Hoods (Broan), European influenced contemporary cabinetry and more. Although the building has been meticulously remodeled, it maintains the original charm and character from the period in which it was built. The unit mix is two-2 bedroom units and four-1 bedroom units. Building is 100% occupied. Rents shown are actual. View the Virtual Tour.

Last Listed By

Mark Gilmore

RE/MAX One License #01193617 Listed on: 08/21/2015

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1953

Lot Details

  • 6,583 Sq Ft Lot
  • 1 Common Wall
  • Level Lot
  • Density is up to 1 Unit/Acre

Home Design

  • Traditional Architecture
  • Property Attached
  • Turnkey

Interior Spaces

  • 4,978 Sq Ft Home
  • 2-Story Property
  • Crown Molding
  • Wood Flooring

Kitchen

  • Gas Range
  • Freezer
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 6 Bathrooms

Laundry

  • Laundry Room
  • Stacked Washer and Dryer

Parking

  • 12 Parking Spaces
  • 6 Carport Spaces
  • Parking Available

Utilities

  • Central Air
  • Heating Available
  • 220 Volts

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 79
  • Tax Tract Number 4031
  • Assessor Parcel Number 5085011018

Community Details

Overview

  • 6 Units

Building Details

  • Rent Control
  • 7 Separate Electric Meters
  • 6 Separate Gas Meters
  • Gross Income $11,120
  • Net Operating Income $93,470

Property Details

Home Type

Multi-Family

Year Built

Built in 1953

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Zoning: R3
  • Architectural Style: Traditional
  • Property Condition: Turnkey
  • Property Type: Residential Income
  • Parcel Number: 5085011018
  • Year Built: 1953
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Crown Molding
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Wood
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 406.79

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 6.00
  • Parking: Yes
  • Parking Features: Carport
  • Total Parking Spaces: 12.00

Utilities

  • Utilities: Electricity Available, Natural Gas Available, Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Freezer, Disposal, Gas Range
  • Electric: 220 Volts
  • Heating Type: Electric
  • Laundry Features: Dryer Included, Inside, Stackable, Washer Included
  • Water Source: Public
  • Cooling: Central Air, Electric
  • Cooling: Yes

Condo/Co-op/Association

  • Community Features: Curbs

Lot Info

  • Lot Features: 0-1 Unit/Acre, Level with Street
  • Lot Size Sq Ft: 6583.00
  • Price Per Lot Square Foot: 307.61
  • Lot Size Acres: 0.1510

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 11120.00
  • Gross Scheduled Income: 133440.00
  • Lot Size Area: 6583.0000 Square Feet
  • Net Operating Income: 93470.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 6
  • Number Of Units Total: 6
  • Number With Dishwasher: 6
  • Number With Disposal: 6
  • Number With Range: 6
  • Number With Refrigerator: 6
  • Operating Expense: 39970.00
  • Rent Control: Yes

Tax Info

  • Tax Lot: 79
  • Tax Tract Number: 4031

Similar Homes in Los Angeles, CA

  • 7401 Fountain Ave, Los Angeles, CA 90046

    $2,275,000

    • 8 Beds
    • 5 Baths
    • 6,040 Sq Ft
    • 7401 Fountain Ave
    • Los Angeles, CA

    Welcome to 7401 Fountain Avenue, a charming multi-unit property strategically positioned at the crossroads of West Hollywood and Los Angeles. This unique real estate offering comprises a four-unit apartment building (with one unit as Section 8) alongside a single-family home, which is currently configured as a one-bedroom, one-bathroom residence (previously two bedrooms). Marking its first

    Sebastian Wolski Compass

    Section Image
  • 1940 S La Salle Ave, Los Angeles, CA 90018

    $2,049,000

    • 6 Beds
    • 5 Baths
    • 3,681 Sq Ft
    • 1940 S La Salle Ave
    • Los Angeles, CA

    Live in a fully remodeled historic home and use the fully remodeled 3 apartment units to help pay your mortgage. Property includes 1942 and 1942 1/2 S. La Salle which are updated 1 bedroom 1 bath and 2 bedroom 1 bathroom apartments sitting above large, 2 car garages with ample storage. All units have new flooring, new kitchens and bathrooms, marble counters, and extensive upgrades throughout.

    Jeffrey Joiner Jeff Joiner

    Section Image
  • 1716 W 45th St, Los Angeles, CA 90062

    $1,745,000

    • 7 Beds
    • 6 Baths
    • 5,464 Sq Ft
    • 1716 W 45th St
    • Los Angeles, CA

    5-UNIT COMPLEX! Stylish cosmetic remodel with new hardwood laminate flooring throughout, kitchens, bathrooms, and fixtures. New roof and plenty of parking. Two-story Spanish 4plex with a detached 3 bedroom house (City records show 2 bed). Submit your best offer. Great access to Downtown L.A, and other major City hubs. West of Western, South of Vernon, North of Slauson. 1 unit is currently

    Koeun Hwang Happy Haus Inc.

    Section Image
  • 1287 S Cochran Ave, Los Angeles, CA 90019

    $1,795,000

    • 7 Beds
    • 6 Baths
    • 3,537 Sq Ft
    • 1287 S Cochran Ave
    • Los Angeles, CA

    We are pleased to present an exceptional opportunity to acquire this turnkey six (6)-unit multifamily investment property located at 1287 S. Cochran, in the City of Los Angeles. This two-story, single structure was constructed of wood frame and stucco on a raised foundation built in 1952 with a square footage of 3,537 on a 4,725-square foot lot, zoned LAR3. The property has been reinforced and

    Davis Saadian Keller Williams Hollywood Hills

    Section Image
  • 1271 S Sycamore Ave, Los Angeles, CA 90019

    $2,295,000

    • 10 Beds
    • 6 Baths
    • 4,033 Sq Ft
    • 1271 S Sycamore Ave
    • Los Angeles, CA

    1271 S Sycamore Ave is a brand new remodeled 4plex located in the Mid-Wilshire pocket of Los Angeles. All units feature new hardwood floors, central air & heat, stainless steel kitchen appliances, modern windows, modern bathroom fixtures, and washer/dryer in units. Beneficial to the new owner, the roof and plumbing is also new, offering extremely low maintenance. One of the 3Bed/2Bath units will

    Cameron Samimi Lyon Stahl Investment Real Estate, Inc.

    Section Image
  • 1296 S Citrus Ave, Los Angeles, CA 90019

    $1,649,000

    • 6 Beds
    • 6 Baths
    • 5,438 Sq Ft
    • 1296 S Citrus Ave
    • Los Angeles, CA

    We are proud to present 1296 South Citrus Avenue, a prime 6-unit investment opportunity in the highly desirable Mid-Wilshire submarket! Situated on a spacious 7,052 sq. ft. corner lot, the property features six generously sized 1-bedroom, 1-bathroom units, each equipped with in-unit washers and dryers. This property offers an assumable loan of approximately $720,000 at a competitive 3.94%

    Ben Lalezari Realty Investment Advisors, Inc.

    Section Image
  • 5076 Pickford St, Los Angeles, CA 90019

    $1,695,000

    • 7 Beds
    • 5 Baths
    • 4,405 Sq Ft
    • 5076 Pickford St
    • Los Angeles, CA

    5076 Pickford is a 5-unit multi-family property situated in the diverse and up-and-coming Mid City neighborhood of Los Angeles. On the corner of Alsace Avenue & Pickford Street, one block from Redondo this centrally located apartment building is close to restaurants, Sprouts, trendy cafes, shopping and public transportation. There are of three 1 bedroom 1 bath units, and two 2 bedroom 1 bath

    Stephen Doughty Coldwell Banker Platinum Prop

    Section Image
  • 1816 S La Brea Ave, Los Angeles, CA 90019

    $1,800,000

    • 8 Beds
    • 5 Baths
    • 4,076 Sq Ft
    • 1816 S La Brea Ave
    • Los Angeles, CA

    Well maintained and updated 5 Unit apartment building with rent at or near market rates. 4 units with 2BR/1BA and a studio in the rear with 3/4 bath and mini kitchen. Each unit has been updated and/or maintained with features such as stainless steel appliances, granite counter tops, wood flooring, recessed lighting, sconces, double pane windows and all the 2BR units have central AC/Heat and

    Paul Barbosa Century 21 Hollywood

    Section Image
  • 4711 St Elmo Dr, Los Angeles, CA 90019

    $1,675,000

    • 6 Beds
    • 6 Baths
    • 2,903 Sq Ft
    • 4711 St Elmo Dr
    • Los Angeles, CA

    We are excited to present 4711 St Elmo Drive, a remarkable 5-unit property in Mid-City Heights, newly constructed between 2023 and 2024, offering a CURRENT 6.32% CAP RATE. This turnkey investment features three separate buildings situated on a 6,450 square foot lot. The front structure is a brand-new, one-bedroom, one-bath single-family home, completed in 2024, with no shared walls. The middle

    Ben Lalezari Realty Investment Advisors, Inc.

    Section Image

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/01/2022 04/01/22 Sold $2,962,500 -2.9% $597 / Sq Ft
03/14/2022 03/14/22 Pending -- -- --
02/17/2022 02/17/22 Price Changed $3,050,000 -3.2% $615 / Sq Ft
01/10/2022 01/10/22 For Sale $3,150,000 +55.6% $635 / Sq Ft
02/25/2016 02/25/16 Sold $2,025,000 -16.5% $407 / Sq Ft
01/19/2016 01/19/16 Pending -- -- --
08/21/2015 08/21/15 For Sale $2,425,000 -- $487 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR15185888

California Regional Multiple Listing Service (CRMLS)